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Jul 12, 2013
07/13
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we do not have a deficit right now. we have the opposite of a deficit right now. as of june the u.s. government was taking in $117 billion more that month than it was putting out. we are not in the red, we are in the black. this is the largest june budget surplus ever recorded in the history of the united states of america. but still, a thousand florida national guardsmen are not filling sandbags one day a week every week indefinitely even through storm season because congress panicked about that budget deficit that we do not have. and the deputy manager of the program to land this drone on the "u.s.s. george h.w. bush" says he is furloughing in place on the aircraft carrier while the drone is finally completing its historic landing. this is basically how it goes in the nonsense hold that we call the american congress right now. in that nonsense hole, house republicans find themselves digging deeper and deeper and deeper with no real plans on how to get out. i, though, have an idea for how to help them. do you remember the big deal in washington right now is that
we do not have a deficit right now. we have the opposite of a deficit right now. as of june the u.s. government was taking in $117 billion more that month than it was putting out. we are not in the red, we are in the black. this is the largest june budget surplus ever recorded in the history of the united states of america. but still, a thousand florida national guardsmen are not filling sandbags one day a week every week indefinitely even through storm season because congress panicked about...
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Jul 6, 2013
07/13
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CNNW
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the congressional budget office will tell you the deficit will be smaller, come down between 2.5%, 3.5% in 2015 but goes back up again. the entitlement explosion lies beyond that horizon and we do not have even the beginnings of an answer to the question of what we do about that. if we do nothing the problem gets worse and ultimately what it means and this is a central argument of my book "the great degeneration" is that the next generation is going to be clobbered by much higher taxes plus probably also far fewer entitlements than the baby boomers. that's the reality of fiscal policy and nothing that has happened including the sequester fundamentally changes that. >> you talk about this next generation, almost as if america in some cases is eating its young, when you look at the high student loan debt, the fact that so many kids are underemployed, all of these majors at one time would have been a path to middle class life are not anymore. the kids are underemployed. they're not even working in jobs. >> right. >> large share of graduates are not working at jobs that require a college ed
the congressional budget office will tell you the deficit will be smaller, come down between 2.5%, 3.5% in 2015 but goes back up again. the entitlement explosion lies beyond that horizon and we do not have even the beginnings of an answer to the question of what we do about that. if we do nothing the problem gets worse and ultimately what it means and this is a central argument of my book "the great degeneration" is that the next generation is going to be clobbered by much higher...
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Jul 7, 2013
07/13
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. >> the trillion dollar deficits. >> and it does not look like the republicans are hoping a city. will you write a book for them? >> something about that and i think the republicans demean no, there are people all across the spectrum of both parties. i was asked -- i was speaking about my other book at fort leavenworth, the military base, not the prison. [laughter] and there were 1490 majors for mostly our country, but from around the world. it is a big school. someone asked me, what is the biggest problem that i worry about when i go to bed at night. the answer was american weakness why said that? i think the signal is being sent out from this country is that basically we are modeling american economy of your and it is a failed model. does not work. and there is no way that you can have the deficits we have had and have the debt we are incurring without sending out a signal to the world that this country is not born to be what it was in the past. there is no way that you can do that. you're not going to -- people take that message and they see it. and the -- then you turn around.
. >> the trillion dollar deficits. >> and it does not look like the republicans are hoping a city. will you write a book for them? >> something about that and i think the republicans demean no, there are people all across the spectrum of both parties. i was asked -- i was speaking about my other book at fort leavenworth, the military base, not the prison. [laughter] and there were 1490 majors for mostly our country, but from around the world. it is a big school. someone asked...
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Jul 9, 2013
07/13
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. >>> on the "cbs moneywatch" the shrinking deficit and warren buffett makes a big donation in charity. ashley morrison is here in new york. good morning, ashley. >> reporter: and good morning to you, anne-marie. asian markets bounced back, slight concern over china's efforts to reform credit. hong kong's hang seng earned 2%. >>> wall street with financial tightened wells fargo and chase the dow rose 88 points while the nasdaq added five points. >>> the deficit is down according to a new white house projection. the federal government is spending $759 billion more than it is taking in this year. that's down more than $200 billion from earlier predictions. the improvement is credited to the automatic spending cuts triggered by the financial cliff and increasing revenue from an improving economy. >>> consumers are whipping out their credit cards more often. sending consumer borrowing surging. credit card use has soared to its highest level since fall of 2010. americans increased borrowing in may at the fastest rate in a year. experts say a jump in borrowing means people are feeling more c
. >>> on the "cbs moneywatch" the shrinking deficit and warren buffett makes a big donation in charity. ashley morrison is here in new york. good morning, ashley. >> reporter: and good morning to you, anne-marie. asian markets bounced back, slight concern over china's efforts to reform credit. hong kong's hang seng earned 2%. >>> wall street with financial tightened wells fargo and chase the dow rose 88 points while the nasdaq added five points. >>>...
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Jul 11, 2013
07/13
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if you want to reduce the deficit, investing in education. thank you very much. >> the house today approved a farm bill by a vote bill2126- 216-208. opposed theucus farm bill and launched a protest. here is that debate. >> further embellishments will result in a deduction of time from the yielding member. ther. speaker, i yield to gentleman from florida, mr. hastings for unanimous consent. >> i ask unanimous consent to revise and extend my remarks in very strong opposition to the farm bill and underlying bill because it takes the safety net away from american families. >> without objection, the time is charged. >> i yield to the gentleman from new york. >> thank you. i ask unanimous consent to revise and extend my remarks in strong opposition to the farm bill rolen the airline bill because it hurts america's children. correct -- rule and the underlying bill because it >> mr. speaker, and ask unanimous consent to revise my remarks. >> without objection. >> the gentleman from massachusetts. >> i yield to the gentlewoman from florida. >> i ask u
if you want to reduce the deficit, investing in education. thank you very much. >> the house today approved a farm bill by a vote bill2126- 216-208. opposed theucus farm bill and launched a protest. here is that debate. >> further embellishments will result in a deduction of time from the yielding member. ther. speaker, i yield to gentleman from florida, mr. hastings for unanimous consent. >> i ask unanimous consent to revise and extend my remarks in very strong opposition to...
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Jul 7, 2013
07/13
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jobs with it, all the people that had to construct, that helps younger workers, and we do also have a deficit. we don't have young people able to do the jobs we're outsourcing to india. we need to be training young people starting in high school to do stem jobs, research and science. >> in that last segment -- well, there you go. [ applause ] in the last segment we were talking about the outsourcing of the jobs. we should point out that 60% decline in manufacturing jobs in this city >> that's right. >> when you talk about an industrial revolution, the best place to do it is where there's people who are willing to work. >> exactly. >> but when you have capital, which is hard to get, and minorities can't get the capital. >> that's right. >> because they don't have the resources to back them up if business doesn't go well, what else can we do other than some kind of public/private partnership involved with federal money to turn these numbers around? >> i think it has got to start there, but also long-term we have to level the playing field in terms of corporations. a lot of reasons you see the o
jobs with it, all the people that had to construct, that helps younger workers, and we do also have a deficit. we don't have young people able to do the jobs we're outsourcing to india. we need to be training young people starting in high school to do stem jobs, research and science. >> in that last segment -- well, there you go. [ applause ] in the last segment we were talking about the outsourcing of the jobs. we should point out that 60% decline in manufacturing jobs in this city...
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Jul 10, 2013
07/13
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CNBC
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we've also seen that it will lower our deficits by $850 billion over the next 20 years, and because of the influx of younger workers and more undocumented workers paying payroll taxes, we've seen it will actually increase the solvency of social security by two years, and i think you have to look what else is in this bill. this bill brings in new visas for people doing startups, who are creating jobs. it conditions the visa on them being able to create jobs, that creates jobs for people here. the studies overwhelmingly show that for native existing workers, this immigration is almost always a good deal. this even shows that over 20 years wages would go up half a percent for the economy as a whole, so i -- i think, you know, it's very interesting. you often have me on the show replying to paul ryan or grover norquist or douglas holtz eakin. this is something where those leading republican budget and economic experts and someone like myself are in complete agreement. we agree that common sense immigration reform is a win for economy, a win for growth and win for deficit reduction. >> a lo
we've also seen that it will lower our deficits by $850 billion over the next 20 years, and because of the influx of younger workers and more undocumented workers paying payroll taxes, we've seen it will actually increase the solvency of social security by two years, and i think you have to look what else is in this bill. this bill brings in new visas for people doing startups, who are creating jobs. it conditions the visa on them being able to create jobs, that creates jobs for people here....
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Jul 12, 2013
07/13
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. >> all the folk want is a piece of a sound bite at home to say they believe in deficit reduction. >> they made a clear choice to protect generous subsidies for agricultural corporations at the expense of the hungry and working poor. >> this is not some little club. we are the congress of the united states of america. the most powerful nation on this planet. and we can take care of all of the people. >> this is the lowest of the low. when we can't pass this, you know, ladies and gentlemen, they can't run the house. >> the only thing that this house will do when it votes today is defeat starving children. >> you are taking food out of the mouths of your own poor constituents. >> hr-2642 is a deadbeat majority's proposal. >> enough already. >> enough is enough. >> vote no. >> time has expired. >> vote no. vote no. vote no. it is ridiculous what you're doing to our children. >> every single democrat in the house did vote no today. along with 12 republicans, but that was not enough to stop the republicans' stripped down farm bill. it passed by an eight-vote margin, 216-208. the last vers
. >> all the folk want is a piece of a sound bite at home to say they believe in deficit reduction. >> they made a clear choice to protect generous subsidies for agricultural corporations at the expense of the hungry and working poor. >> this is not some little club. we are the congress of the united states of america. the most powerful nation on this planet. and we can take care of all of the people. >> this is the lowest of the low. when we can't pass this, you know,...
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Jul 10, 2013
07/13
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another one was that deficit spending is not bad public policy. a third one, punishment is not a deterrent to crime. and the fourth one -- and this is a big one -- is that government can run our lives better than people can. and that's exactly what we're talking about here. the reason they have been wanting to do this with regulating carbon, i think, is better articulated by a guy that i don't think anyone will argue could be the most knowledgeable scientist in america. his name is richard lindsen with m.i.t.. his quote was that regulating carbon is a bureaucrat's dream. if you regulate carbon, you regulate life. you control life. that's what bureaucrats want to do. that's what the environmentalists want to do in controlling our lives. they want to determine what cars we drive, what kind of houses we live in, how our cities are built, and all of that. and they can do all of this by regulating carbon dioxide. and democrats particularly in the senate have been unsuccessful in passing legislation to accomplish this. this is the key. it was way back d
another one was that deficit spending is not bad public policy. a third one, punishment is not a deterrent to crime. and the fourth one -- and this is a big one -- is that government can run our lives better than people can. and that's exactly what we're talking about here. the reason they have been wanting to do this with regulating carbon, i think, is better articulated by a guy that i don't think anyone will argue could be the most knowledgeable scientist in america. his name is richard...
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. >>> the latest white house projection says the deficit will shrink by $214 billion. of course it won't be gone completely, washington is spending about $1 trillion more than it takes in. spending cuts are paying off. >> what is three quarters of a trillion dollars? >> pocket change. >> check this out. this is in tron corontotoronto,. >> that's a road? >> i'm sure it's a road completely under water. nearly four inches fell in just hours. 100,000 customers are without power. passengers were stuck in the subway system. looks like a mess. chad myers tracking all the weather there and here for us. >> we talked about this yesterday how the pattern was changing and everything was going to shift to the north. i didn't mean north of the border, i meant chicago. the storms parked themselves over the area and never stopped. a couple showers across toronto. i'm going to show you a waterspout that happened in tampa and showers in pennsylvania and ohio as well. a couple cool pictures. one to three inches across the northeast. two to four across ohio. the rain isn't stopping. 87 in
. >>> the latest white house projection says the deficit will shrink by $214 billion. of course it won't be gone completely, washington is spending about $1 trillion more than it takes in. spending cuts are paying off. >> what is three quarters of a trillion dollars? >> pocket change. >> check this out. this is in tron corontotoronto,. >> that's a road? >> i'm sure it's a road completely under water. nearly four inches fell in just hours. 100,000 customers...
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. >>> and "the washington post," the deficit has shrunk. expected to be $759 billion. part of the reason is the massive spending cuts that kicked in march 1st. >>> "the wall street journal" says people are keeping up with credit card bills. rate of people falling behind has dropped to lowest level in two decades. debt is down and wealth is up. >>> and the charlotte observer says randy travis is hospitalized in critical condition with heart problems. the 54-year-old is treated for a heart ailment caused buy ay a virus. >>> and flash flooding in toronto, 300,000 customers lost power. the subway system was shut down and may not be back at full strength today. 1400 commuters were trapped for hours until early this morning. they had to be rescued after their train filled with gushing water. rescuers used inflatable boats to fry to free them. more thunderstorms today. >>> and a fast-moving tropical storm threatening the caribbean. it intensified overnight. it could be at hurricane stre >> announcer: this national weather report sponsored by safelite autoglass. >>> strange ne
. >>> and "the washington post," the deficit has shrunk. expected to be $759 billion. part of the reason is the massive spending cuts that kicked in march 1st. >>> "the wall street journal" says people are keeping up with credit card bills. rate of people falling behind has dropped to lowest level in two decades. debt is down and wealth is up. >>> and the charlotte observer says randy travis is hospitalized in critical condition with heart...
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Jul 9, 2013
07/13
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. >>> "the washington post" says this year's deficit forecast has shrunk. deficit expected to be $759 billion. that's $214 billion less than previously forecast. part of the reason the massive automatic spending cuts that kicked in march 1st. >>> "wall street journal" says americans are keeping up with their credit card bills. the rate of people falling behind has dropped to the lowest level in two decades. experts say debt is down and wealth is up. >> charlotte observer said singer randy travis is hospitalized in critical condition with heart problems. the 54-year-old is treated for a heart ailment caused by a virus that can cause heart failure. >>> a scene of chaos in canada. flash flooding dumped a record amount of rain nearly four inches around toronto. 300,000 customers lost power. the subway system was shut down and may not be back at full strength today. 1400 commuters were trapped four hours until early this morning. they had to be rescued after their train filled with gushing water. police and firefighters used small inflatable boats to free them.
. >>> "the washington post" says this year's deficit forecast has shrunk. deficit expected to be $759 billion. that's $214 billion less than previously forecast. part of the reason the massive automatic spending cuts that kicked in march 1st. >>> "wall street journal" says americans are keeping up with their credit card bills. the rate of people falling behind has dropped to the lowest level in two decades. experts say debt is down and wealth is up....
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Jul 10, 2013
07/13
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. >> moyers: but the promises had come with a price: two costly wars, a soaring deficit and a housing market boom and bust. >> the obama administration says it will spend billions to keep struggling homeowners in their homes. >> moyers: american families had been hit by the greatest economic downturn since the great depression. >> we're raised to believe that each generation can and will do better than the last. but is that really true? >> moyers: we wanted to know what had happened to the two american families we knew. we found jackie stanley outside her church. how are you? >> the graduate! >> moyers: along with a grown-up keith, now 35. >> i never would have made it to college, never would have made it to college, without mom. >> moyers: but jackie quickly confided that when we called her to see about filming again, she almost said no. i was telling kathy i thought i was a failure. i really thought i was a failure because i didn't do it. we went backwards. >> moyers: she said that after suffering some health problems, she had quit doing real estate altogether, that her dream of hav
. >> moyers: but the promises had come with a price: two costly wars, a soaring deficit and a housing market boom and bust. >> the obama administration says it will spend billions to keep struggling homeowners in their homes. >> moyers: american families had been hit by the greatest economic downturn since the great depression. >> we're raised to believe that each generation can and will do better than the last. but is that really true? >> moyers: we wanted to know...
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Jul 8, 2013
07/13
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then there's going to be a deficit. the chicks come home to roost after the mid term election. mine is going to be coming in and out and no one will be upset until after the mid terms. >>steve: the government says there will be better verification someday. but right now because they've got to get things going, no verification. be truthful, america. >>brian: 24 minutes before the top of the hour. quick look at the world of sports. patriots fans are done with aaron hernandez. more than 1,200 showed up at the patriots pro shop to trade in their hernandez. shop said they can turn in their jerseys. the team took all hernandez memorabilia off the sh*els. nasp car stars turned in their racing stripes for a hard hat. darrell waltrip was among the driver who raised the massive race. trevor bane won the chance to break ground at the speedway's redevelopment project. congratulations. >>> she may be a wimbledon champion but that doesn't mean she's getting much respect. >> i wonder if her dad did say to her when she was 12, 13, 14 maybe, listen, you're never going to be a looker. >>brian: a
then there's going to be a deficit. the chicks come home to roost after the mid term election. mine is going to be coming in and out and no one will be upset until after the mid terms. >>steve: the government says there will be better verification someday. but right now because they've got to get things going, no verification. be truthful, america. >>brian: 24 minutes before the top of the hour. quick look at the world of sports. patriots fans are done with aaron hernandez. more...
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Jul 12, 2013
07/13
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. >> the right way, what they should have done was -- >> number one, try to find out what the deficits are. work with that. see what they can each contribute and it's not just about the money, as you are saying, it's all about just the contribution to the family. >> let's talk about household chores. that's another thing. a lot of people -- there's a great scene from that movie "the breakup." >> what happened here? what yoare you doing? what are you doing? >> i had a rough day. my feet are killing me. >> my feet are killing me, too. i went to the market, cleaned this entire condo and i've been cooking for the last three hours. come on. help set the table. >> sweetheart, you have done such a great job already. don't you want to finish it yourself and have that personal power of accomplishment? >> set the table. >> all she wanted was the lemons. i remember that scene so well. >> that frustration when you feel like you are carrying the whole load. >> it's also a frustration for guys, too, because they are often criticized for not doing the housekeeping the right way because we normally do
. >> the right way, what they should have done was -- >> number one, try to find out what the deficits are. work with that. see what they can each contribute and it's not just about the money, as you are saying, it's all about just the contribution to the family. >> let's talk about household chores. that's another thing. a lot of people -- there's a great scene from that movie "the breakup." >> what happened here? what yoare you doing? what are you doing?...